SIRI Stock Recent News

Warren Buffett's Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.

Warren Buffett still likes satellite radio.

Sirius XM Holdings (SIRI -0.04%) is facing a transitional year. In 2024, shares declined 58%.

Warren Buffett, the ‘Oracle of Omaha', became one of the most well-respected investors to ever live by consistently beating the markets.

Sirius XM Holdings (SIRI 3.89%) has had a difficult year. Over the past 12 months, shares have lost nearly 60% of their value.

For the better part of 60 years, Berkshire Hathaway (BRK.A -0.91%) (BRK.B -0.78%) CEO Warren Buffett has been running circles around Wall Street. Though Berkshire's stock isn't going to outperform the benchmark S&P 500 every year, the aptly dubbed Oracle of Omaha has overseen a greater than 5,720,000% cumulative return in his company's Class A shares (BRK.A) since the mid-1960s.

Sirius XM Holdings (SIRI 3.89%) has had a rough time of late, falling nearly 60% in value over the past 12 months. Yet, one of the most famous investors in history has been a keen buyer of the satellite and online radio company's shares.

Warren Buffett made some big moves last year. The portfolio of his holding company, Berkshire Hathaway, saw some massive shifts in position sizes, including some huge selling of its biggest position.

With the S&P 500 just below an all-time high, there are plenty of areas of the stock market that can be considered expensive. But with a valuation of just 8 times free cash flow, Sirius XM (SIRI 3.89%) isn't one of them.

SIRI's fourth-quarter 2024 results reflect weakness in subscriber, advertisement and other revenues.